How to avoid buying overvalued properties
As stock levels continue to remain low and first-time buyers rush the market, it is becoming increasingly difficult for property investors t...
The suburb’s capital gain of -21.49% for the past year is lower than average compared to its 3.64% growth within a five-year period.
Also in FINLEY, the median home price is sitting at $142,500, and the average rent at $220, this suggests property owners could potentially earn a 8.03% increase in gross rental yield.
Property investors have seen a -6.86% drop in FINLEY based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 1.04% growth over a ten-year period. It ranks 3497th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $142,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -6.86% | N/A |
| Median 12 month | -21.49% | N/A |
| Median 3 years | -5% | N/A |
| Median 5 years | 3.64% | N/A |
| 10 years average annual | 1.04% | N/A |
| Weekly media advert. rent | $220 | N/A |
| Time on Market | 108.5 days | N/A |
| Gross Rental Yield Percent | 8.03% | N/A |
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